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Following Are the Account Balances from the December 31 Trial

Question 52

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Following are the account balances from the December 31 trial balance of Lark Company: Following are the account balances from the December 31 trial balance of Lark Company:   If 10 percent of the Accounts Receivable is estimated to be uncollectible, the entry to record the estimate of bad debts would include a debit to Bad Debt Expense for A)  $6,000 B)  $6,240 C)  $8,400 D)  $3,600 If 10 percent of the Accounts Receivable is estimated to be uncollectible, the entry to record the estimate of bad debts would include a debit to Bad Debt Expense for


A) $6,000
B) $6,240
C) $8,400
D) $3,600

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